Tag: U.S.

United States Senator Bill Hagerty introduced an updated version of the GENIUS Act before a Senate Banking Committee vote scheduled for March 13. The revised bill aims to strengthen regulatory standards for stablecoin issuers, enhancing consumer protections, reserve requirements, and oversight measures. One of the most significant changes in the ...

Jan3 CEO Samson Mow has dismissed doubts that the U.S. newly established Strategic Bitcoin Reserve (SBR) would not expand its holdings beyond seized assets. In his statement announcing the creation of the Reserve, White House Crypto Czar David Sacks confirmed that the reserve will initially be funded by Bitcoin seized ...

The United States could amass more than 1 million Bitcoin over the next five years if authorities decide to sell a portion of the country’s gold reserves, according to a new analysis by Singapore-based blockchain firm Matrixport. In a March 7 post on X, Matrixport analysts estimated that selling 15% ...

United States President Donald Trump has signed an executive order to establish a Strategic Bitcoin Reserve. In a March 7 announcement on his official X account, White House AI and Crypto Czar David Sacks revealed that the reserve would be funded using Bitcoin seized through federal asset forfeitures, ensuring no ...

Brian Armstrong, CEO of Coinbase, has suggested that the majority of G20 nations will likely be inclined to follow the U.S.'s lead and establish their own digital asset reserves.  Armstrong stated this while commending the Donald Trump administration in a post on X  for creating the digital asset reserve. He ...

The U.S. Department of the Treasury has imposed sanctions on an Iranian national, Behrouz Parsarad, for his role in operating Nemesis, a darknet marketplace linked to the trafficking of fentanyl and other illicit drugs. The Department’s Office of Foreign Assets Control (OFAC) announced the enforcement action on March 4, 2025, ...

Iris Ramaya Au, former girlfriend of convicted crypto fraudster Adam Iza—infamously known as “The Godfather”—has agreed to plead guilty to a federal tax charge related to her involvement in his illicit financial schemes. According to a statement released by the U.S. Department of Justice on March 5, Au admitted to ...

A key U.S. House of Representatives committee has proposed a resolution to repeal the controversial “DeFi broker rule,” which would impose new tax reporting requirements on decentralized finance (DeFi) platforms. The House Ways and Means Committee voted 26-16 on February 26 to advance the resolution, setting up a potential showdown ...

As the United States moves closer to introducing stablecoin legislation, Circle CEO Jeremy Allaire is urging tighter regulatory oversight, calling for all issuers of dollar-pegged digital assets to be registered within the United States. In an interview with Bloomberg, Allaire voiced concerns about stablecoin issuers operating outside the U.S. while ...

A United States legislator has introduced new legislation to combat fraud at cryptocurrency ATMs across the country. Speaking on the Senate floor on February 25, Senator Dick Durbin highlighted a growing trend of scams exploiting unsuspecting users, particularly senior citizens. He cited the case of a constituent who was tricked ...